Isabelle Kocher: “The energy revolution is inevitable and represents a fundamentally positive movement”
Renewable energies are becoming as competitive as traditional energy sources, and emerging countries the motors of the energy revolution. Cities and regions are joining together to act against climate change. Driven by the same mounting awareness, finance companies are making concrete commitments in favor of a carbon-free world. For Isabelle Kocher, CEO of ENGIE, there in no doubt: the energy revolution is under way and nothing can stop it.
Extracts from an article published on April 27, 2017 on LinkedIn Influencers
Could something (or someone) pull the plug on the energy revolution?
For a long time, international negotiations on climate change really looked like another case of Game Theory. As you may remember, that theory became widely popular with John Nash’s prisoner dilemma. The famous mathematician showed how, in some cases, players making rational decisions in the pursuit of their own interest could all end up in a paralyzing equilibrium. Even more terrible: once caught in it, there was no way out.
[…] With the Paris Agreement, the ruinous equilibrium was finally shaken. All countries finally came to realize there was a de facto solidarity between them. This sudden, unexpected awareness finally overrode the fatal reflex to “let others do the job.” Change was particularly noticeable on the part of countries that were the biggest emitters and had always resisted any serious attempt at dealing with the issue. Nothing seemed to stand in the way of the energy revolution.
Unfortunately, it didn’t take long before certain political developments cast a shadow over the positive outcomes that had taken so long to achieve. Many fear that President Trump will act on his campaign pledge to withdraw from the Paris agreement, thus dealing a serious blow to international cooperation on climate issues. In France, the energy revolution was scarcely debated between the main candidates in the presidential election. Could all these events announce ominous signs of the return of the same old non-cooperative routine? Is the energy transition suddenly put on hold?
Given past difficulties, I can understand these fears. Nonetheless, the situation has radically evolved since the first unsuccessful attempts at combatting climate change. The energy revolution is already happening and is gaining momentum every year. Sure, political uncertainties may slow it down in certain parts of the world, but we are past the point where a single player, however important, could definitively bring it to a halt. […]